TI Fluid Systems PLC - Oxford, England-based company that designs and manufactures thermal management and fluid handling systems - Expects 2023 results to be ‘slightly ahead’ of expectations. Revenue is anticipated at approximately €3.5 billion, up from €3.27 billion in 2022. Adjusted earnings before interest and tax margin expansion predicted at approximately 7.4%, driven by ‘commercial performance combined with cost reduction actions,’ it says. This compares to an Ebit margin of 5.5% in 2022. Looking ahead, the firm says it is well-positioned to capitalise on ‘opportunities of electrification while leveraging the strengths of our conventional portfolio to drive sustainable, profitable long-term growth.’

Current stock price: 142.50 pence, up 2.1%

12-month change: up 22%

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